DENVER--(BUSINESS WIRE)--
DCT Industrial Trust Inc.® (the “Company”) (NYSE: DCT) today
announced that its operating partnership subsidiary, DCT Industrial
Operating Partnership LP (the “Operating Partnership”), priced an
offering of $50.0 million aggregate principal amount of 4.500% senior
unsecured notes due 2023 (the “Notes”) in an underwritten public
offering. The Notes were priced at 103.880% of the principal amount,
plus accrued and unpaid interest from, and including, October 15, 2016
to, and excluding, the anticipated settlement date. The Notes will
mature on October 15, 2023, unless earlier redeemed. The offering is
expected to close on March 16, 2017, subject to the satisfaction of
customary closing conditions. The Notes will be fully and
unconditionally guaranteed by the Company and will form a part of the
same series as the Operating Partnership’s previously issued 4.500%
senior unsecured notes due 2023, $275.0 million of which are currently
outstanding.

The Operating Partnership intends to use the net proceeds to repay
amounts outstanding under its unsecured revolving credit facility and
for general corporate purposes.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor shall there be any
sale of these securities in any jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.

About DCT Industrial Trust®

DCT Industrial is a leading industrial real estate company specializing
in the ownership, acquisition, development, leasing and management of
bulk-distribution and light-industrial properties in high-demand
distribution markets in the United States. As of December 31, 2016, the
Company owned interests in approximately 74.0 million square feet of
properties leased to approximately 900 customers. Additional information
is available at www.dctindustrial.com.

Forward-Looking Information

This press release contains forward-looking statements within the
meaning of the Federal securities laws. You should exercise caution in
interpreting and relying on forward-looking statements because they
involve known and unknown risks, uncertainties and other factors which
are, in some cases, beyond the Company’s control and could materially
affect actual results, performance or achievements. These factors
include, without limitation, the Operating Partnership’s ability to
close the offering, the use of proceeds therefrom and other risks and
uncertainties detailed from time to time in the Company’s and the
Operating Partnership’s filings with the Securities and Exchange
Commission.